Profile: Tree.com Inc (TREE.OQ)

TREE.OQ on NASDAQ Stock Exchange Global Select Market

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Tree.com, Inc. (Tree.com), incorporated in April 2008, is the parent of LendingTree, LLC and is the parent of several companies owned by LendingTree, LLC, including Home Loan Center, Inc. LendingTree, Inc. Tree.com is the owner of several brands and businesses that provide information, tools, advice, products and services for critical transactions in consumers' lives. The Company’s family of brands includes LendingTree.com, GetSmart.com, DegreeTree.com, LendingTreeAutos.com, DoneRight.com, ServiceTree.com, InsuranceTree.com and HealthTree.com. Together, these brands serve as an ally for consumers who are looking to comparison shop for loans, real estate and other services from multiple businesses and professionals who will compete for their business. Tree.com operates two business segments: LendingTree Loans and Exchanges. In June 2012, Tree.Com sold the operating assets of its Home Loan Center, Inc. business to a wholly owned subsidiary of Discover Financial Services. On March 15, 2011, its subsidiary Home Loan Center, Inc (HLC) acquired certain assets of First Residential Mortgage Network, Inc.

Exchanges

In Tree.com’s Exchanges business, it operates as a branded performance marketer. The Company serves as an ally to consumers who are looking to make informed purchase decisions and comparison shop for loans and other important transactions, which it refers to as considered purchases. It provides consumers with an array of information and tools free of charge, conveniently located on its various Websites. In addition, it provides the customers with access to offers from multiple providers who can compete for their business, through a single inquiry form or application. It also serves as a valued partner to businesses seeking customer acquisition support services whose benefits are directly measurable, by matching the consumer inquiries it generates with these businesses.

Consumers seeking home mortgage loans can access the Company’s network of more than 150 banks, lenders and loan brokers online (through www.lendingtree.com or www.getsmart.com) or by calling 1-800-555-TREE. The Company refers to these banks, lenders and loan brokers as its Network Lenders. Loan products offered by Network Lenders consist primarily of home mortgages (in connection with refinancings and purchases) and home equity loans. Consumers seeking mortgage loans through Tree.com's lending network can receive multiple conditional loan offers from Network Lenders, and/or from LendingTree Loans. Its lending network also offers a short-form matching process which provides consumers with lender contact information rather than conditional offers from Network Lenders.

The Company’s non-mortgage exchanges include education, automobilem, home services and other products. It offers referrals to more than 60 top-tier institutions for prospective students seeking institutions of higher education. Supported programs range from associate degrees to doctorate degrees. Its education Websites provide information and a range of resources related to educational opportunities for prospective students. It offers automobile loans for both new automobile purchases and existing automobile refinancing. It also offers prospective automobile buyers the opportunity to search for new and used automobiles through access to more than 1,700 dealerships.

The Company offers opportunities for consumers to find home improvement professional services through its network of both national and local contractors. It has national coverage in the 30 most home improvement categories and a network of more than 750 local professionals. Through its alliances with third parties, it is able to connect consumers with home service professionals in more than 2,000 locations across the United States. Its exchanges also offer unsecured loans, through which consumers are matched with multiple lenders using a network-based process similar to the mortgage loan matching process described above; various consumer insurance products, pursuant to which consumers are linked with licensed insurance agents and insurance lead aggregators to obtain insurance offers, and credit cards, through which consumers can search various credit card offerings through a third-party vendor.

LendingTree Loans

The Company’s LendingTree Loans originates, processes, approves and funds various consumer mortgage loans through its subsidiary HLC, which operates primarily under the brand name LendingTree Loans. LendingTree Loans is able to provide a range of mortgage loan offerings to consumers in all 50 states and the District of Columbia, consisting of conforming and prime loans, and, to a lesser extent, non-conforming and FHA loans. Products available include both adjustable and fixed rate loans. LendingTree Loans branded loan originations are principally derived from consumer loan requests received through its lending Exchanges. A portion of all consumer loan request forms received through these channels are matched with LendingTree Loans. LendingTree Loans offers those consumers a choice among various loan alternatives, with loan pricing generally based upon different wholesale offerings received by LendingTree Loans from the secondary market investors who purchase the loans.

LendingTree Loans branded loans are funded and closed using proceeds from borrowings under available warehouse lines of credit. Although most of HLC Inc.'s consumer leads are sourced through its lending exchanges and originated under the LendingTree Loans brand, a small portion of HLC's leads are sourced from a range of non-LendingTree channels, including third-party online lead aggregators, direct mail marketing campaigns and LendingTree Loans' Website, www.homeloancenter.com. When obtaining leads from third-party sources, HLC operates under its traditional name and brand (Home Loan Center). Consumers who request loans through the Home Loan Center brand receive single loan offers. Home Loan Center branded loans are funded, closed and sold into the secondary market in the same manner, and on substantially the same terms, as LendingTree Loans branded loans.

Company Address

Tree.com Inc

11115 Rushmore Drive
CHARLOTTE   NC   28277
P: +1704.9438942
F: +1302.6745266

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